IHS Completes the Sale of Kuwait Operations to Zain: Stock to Benefit? [Yahoo! Finance]
Ubiquiti Inc. (UI)
Last ubiquiti inc. earnings: 11/8 08:00 am
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Source: Yahoo! Finance
With a portfolio of over 39,000 towers spanning nine markets, including Brazil, Cameroon, Colombia, Cote d'Ivoire, Egypt, Nigeria, Rwanda, South Africa and Zambia, the company continues to enhance its shareholder value through this strategic transaction. Zain is a leading telecommunications operator serving 47.2 million active customers across the Middle East and Africa region. As part of the deal, Zain now holds a 70% stake in IHS Kuwait Limited, which includes approximately 1,675 sites and an additional 700 managed sites. Known for its advanced services, the company is now well-equipped to integrate these new towers into its network and continue delivering excellent service. Does IHS Stock Stand to Gain From the Sale? From an industry perspective, the deal represents a significant consolidation within the telecom industry, where companies are reshaping their portfolios and strategies to adapt to changing market conditions and technological advancements. The transaction is part
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UI
Earnings
- 11/8/24 - Beat
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Sec Filings
- 12/6/24 - Form 8-K
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- UI's page on the SEC website